http://news.yahoo.com/s....sfMWM0F
Goodbye, price wars.
AMD going broke?
Results... bad.
With its sales shriveling even more than analysts feared, Advanced Micro Devices Inc. is imposing a partial hiring freeze and clamping down on other major expenses as the slumping chip maker tries to weather a fierce battle with Intel Corp.
The cost-cutting measures outlined Monday accompanied a first-quarter warning that signaled the Sunnyvale-based company's recent troubles are worsening.
AMD said its revenue for the three months ending in March totaled $1.23 billion, well below the company's initial estimates of $1.6 billion to $1.7 billion.
It's not me, it's someone else.
More results detail. More bad.
Advanced Micro Devices posted a bigger-than-expected quarterly loss on Thursday as the No. 2 maker of computer processors was hit by falling prices and unit shipments.
AMD said its net loss for the fiscal first quarter was $611 million, or $1.11 per share, compared to a profit of $184.5 million, or 38 cents per share, a year earlier. Revenue fell 7.4 percent to $1.23 billion.
The results were in-line with Wall Street estimates that were revised downward last week after AMD warned quarterly revenue would be about 20 percent below earlier forecasts.
Excluding special items, AMD was expected to have lost $258.1 million, or 47 cents per share, on revenue of $1.23 billion, according to the average analyst forecast on Reuters Estimates.
It's not me, it's someone else.